jelagqrciz13444 jelagqrciz13444

16-09-2021
Mathematics

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A savings account of $5, compounded at an annual interest rate of 7% for 5 years will have how much total in the account?

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akingbadeadeniji akingbadeadeniji

16-09-2021

Answer:

$6.75

Step-by-step explanation:

S.I=PRT/100

S.I=5×7×5/100

S.I=175/100

S.I=1.75

Principal + interest= total amount in account

$5+$1.75=$6.75

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